VPR Management LLC — Q3 2025 13F Holdings

Name: VPR Management LLC — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001894203

Total reported value

$250.2M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VEA	Vanguard Ftse Developed ETF	ETF-Other	14.31%	-1.17%	—
2	IAU	Ishares Gold Trust	ETF-Commodities	13.98%	-0.37%	—
3	GUNR	Flexshares Global Upstream N	ETF-Other	9.90%	+0.81%	-5.79%
4	EWC	Ishares Msci Canada ETF	ETF-Other	8.08%	-0.66%	—
5	EWZ	Ishares Msci Brazil ETF	ETF-Other	6.95%	-0.94%	—
6	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	6.08%	-0.29%	—
7	VIG	Vanguard Dividend Apprec ETF	ETF-Other	5.16%	-0.63%	—
8	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	3.80%	-0.27%	—
9	EMLC	Vaneck JPM Em Local Curr Bnd	ETF-Other	3.67%	-0.47%	—
10	ACWI	Ishares Msci Acwi ETF	ETF-Other	2.75%	-0.33%	-53.16%
11	NU	Nu Holdings Ltd.	Stock-Financials	2.24%	-0.65%	-4.65%
12	GNR	State Street Spdr S&p Global	ETF-Other	2.09%	+0.16%	—
13	MELI	Mercadolibre INC	Stock-Consumer Disc	1.69%	+0.78%	+6.69%
14	AGNC	Agnc Investment CORP	Stock-Real Estate	1.52%	—	-2.14%
15	FCX	Freeport-mcmoran INC	Stock-Materials	1.44%	+0.07%	—
16	ITUB	Itau Unibanco H-spon Prf Adr	Stock-Financials	1.42%	+0.07%	—
17	EFV	Ishares Msci Eafe Value ETF	ETF-Other	1.10%	-0.08%	—
18	EWU	Ishares Msci United Kingdom	ETF-Other	1.07%	+0.50%	—
19	XOM	Exxon Mobil CORP	Stock-Energy	0.98%	+0.27%	—
20	KOF	Coca-cola Femsa Sab-sp Adr	Stock-Other	0.94%	-0.08%	—
21	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.93%	—	—
22	PBR-A	Petroleo Brasil-sp Pref Adr	Stock-Other	0.83%	+0.39%	—
23	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	0.76%	+0.40%	—
24	CVX	Chevron CORP	Stock-Energy	0.61%	+0.13%	—
25	VALE	Vale Sa-sp Adr	Stock-Materials	0.60%	+0.07%	—
26	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	0.51%	+0.02%	—
27	BHP	Bhp Group Ltd-spon Adr	Stock-Materials	0.51%	+0.04%	—
28	AXIA	Axia Energia-adr	Stock-Other	0.45%	+0.04%	—
29	ABEV	Ambev Sa-adr	Stock-Consumer Staples	0.39%	+0.02%	-37.11%
30	XLE	Ss Energy Select Sector	ETF-Other	0.32%	+0.07%	—
31	SBS	Cia Saneamento Basico De-adr	Stock-Other	0.32%	+0.05%	—
32	XPEV	Xp INC Class A	Stock-Other	0.32%	+0.01%	—
33	VDE	Vanguard Energy ETF	ETF-Other	0.30%	+0.07%	—
34	JBS	Jbs N.v.	Stock-Other	0.29%	+0.03%	—
35	BBD	Banco Bradesco-adr	Stock-Other	0.29%	-0.01%	—
36	VTV	Vanguard Value ETF	ETF-Other	0.28%	—	—
37	NLY	Annaly Capital Management In	Stock-Real Estate	0.28%	—	-14.29%
38	VIV	Telefonica Brasil-adr	Stock-Other	0.24%	+0.04%	-43.09%
39	BSBR	Banco Santander Brasil-ads	Stock-Other	0.22%	—	-44.25%
40	ARCC	Ares Capital CORP	Stock-Financials	0.21%	+0.11%	+82.18%
41	STNE	StoneCo Ltd.	Stock-Other	0.19%	—	—
42	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	0.19%	—	—
43	OBDC	Blue Owl Capital CORP	Stock-Financials	0.17%	—	+101.90%
44	SHEL	Shell Plc-adr	Stock-Energy	0.16%	+0.03%	—
45	TIMB	Tim Sa-adr	Stock-Other	0.16%	+0.03%	-22.56%
46	SUZ	Suzano SA - Spon Adr	Stock-Other	0.14%	—	-42.88%
47	FSK	Fs Kkr Capital CORP	Stock-Financials	0.14%	-0.09%	+100.00%
48	CIG	Cia Energetica De-spon Adr	Stock-Other	0.14%	—	—
49	SCHP	Schwab U.s. Tips ETF	ETF-Other	0.12%	—	—
50	GGB	Gerdau SA -spon Adr	Stock-Other	0.12%	—	—

1–50 of 60

Holding changes this quarter

Position changes disclosed by VPR Management LLC for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VEA	Vanguard Ftse Developed ETF	+1.3%	—	Unchanged
2	EWC	Ishares Msci Canada ETF	+1.1%	—	Unchanged
3	VTI	Vanguard Total Stock Mkt ETF	+0.9%	—	Add
4	EWZ	Ishares Msci Brazil ETF	+0.8%	—	Unchanged
5	XOM	Exxon Mobil CORP	+0.7%	—	Add
6	NU	Nu Holdings Ltd.	+0.6%	-4.65%	Trim
7	IEMG	Ishares Core Msci Emerging	+0.5%	—	Unchanged
8	RIO	Rio Tinto Plc-spon Adr	+0.5%	—	Add
9	BHP	Bhp Group Ltd-spon Adr	+0.4%	—	Add
10	CVX	Chevron CORP	+0.3%	—	Add
11	ITUB	Itau Unibanco H-spon Prf Adr	+0.3%	—	Unchanged
12	MELI	Mercadolibre INC	+0.3%	+6.69%	Add
13	VIG	Vanguard Dividend Apprec ETF	+0.2%	—	Unchanged
14	AXIA	Axia Energia-adr	+0.1%	—	Unchanged
15	BBD	Banco Bradesco-adr	+0.1%	—	Unchanged
16	GNR	State Street Spdr S&p Global	+0.1%	—	Unchanged
17	EFV	Ishares Msci Eafe Value ETF	+0.1%	—	Unchanged
18	STNE	StoneCo Ltd.	+0.1%	—	Unchanged
19	SBS	Cia Saneamento Basico De-adr	+0.1%	—	Unchanged
20	XPEV	Xp INC Class A	+0.1%	—	Unchanged
21	EWU	Ishares Msci United Kingdom	+0.1%	—	Unchanged
22	EMLC	Vaneck JPM Em Local Curr Bnd	0%	—	Unchanged
23	FCX	Freeport-mcmoran INC	-0.1%	—	Unchanged
24	GUNR	Flexshares Global Upstream N	-0.1%	-5.79%	Trim
25	VIV	Telefonica Brasil-adr	-0.1%	-43.09%	Trim
26	NLY	Annaly Capital Management In	-0.1%	-14.29%	Trim
27	SUZ	Suzano SA - Spon Adr	-0.1%	-42.88%	Trim
28	BSBR	Banco Santander Brasil-ads	-0.1%	-44.25%	Trim
29	PBR-A	Petroleo Brasil-sp Pref Adr	-0.2%	—	Unchanged
30	KOF	Coca-cola Femsa Sab-sp Adr	-0.2%	—	Unchanged
31	PBR	Petroleo Brasileiro-spon Adr	-0.2%	—	Unchanged
32	ABEV	Ambev Sa-adr	-0.3%	-37.11%	Trim
33	VALE	Vale Sa-sp Adr	-0.7%	—	Trim
34	IAU	Ishares Gold Trust	-0.9%	—	Trim
35	ACWI	Ishares Msci Acwi ETF	-2%	-53.16%	Trim
36	VWO	Vanguard Ftse Emerging Marke	-2.1%	—	Trim
37	VNQ	Vanguard Real Estate ETF	—	EXIT	Sold out
38	CNQ	Canadian Natural Resources	—	EXIT	Sold out
39	JBS	Jbs N.v.	—	NEW	New buy
40	ARCC	Ares Capital CORP	—	NEW	New buy
41	OBDC	Blue Owl Capital CORP	—	NEW	New buy
42	SHEL	Shell Plc-adr	—	NEW	New buy
43	FSK	Fs Kkr Capital CORP	—	NEW	New buy
44	MAIN	Main Street Capital CORP	—	NEW	New buy
45	TTEN	Totalenergies Se -spon Adr	—	NEW	New buy
46	EWM	Ishares Msci Malaysia ETF	—	EXIT	Sold out
47	P5Y	Brf Sa-adr	—	EXIT	Sold out
48	VNQI	Vanguard Glbl Ex-us Real Est	—	EXIT	Sold out
49	CSWC	Capital Southwest CORP	—	NEW	New buy
50	OCSL	Oaktree Specialty Lending Co	—	NEW	New buy